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Posts tagged as:

business plan

Revising the Root Canal Theory of Business Planning

by Tim Berry on August 14, 2009

in Business Planning, Plan-as-you-go Planning

For years I’ve lived with my own “root canal theory of business planning.” Do the Google search for that phrase and you’ll see that my previous writing about this comes up first. Like root canals, business plans were something people dreaded, but needed. Happily, things have changed.
Unlike a root canal, modern-day business planning should not be [...]

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Business Planning in Times of Rapid Change

by Tim Berry on June 25, 2009

in Self Promotion

How does business planning change in this new world of instant media, short attention spans, and rapid change? Is it different these days? Can we plan at all? And secondly, from the point of view of the angel investor, what does an investor look at in a business plan.
I had a very friendly, fun, and [...]

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The Ideal Length of a Business Plan

by Tim Berry on May 13, 2009

in Business Planning, Venture Contests

Interesting question, which came to me via Twitter: “Does a business plan have an ideal length?”
It reminds me: I was about five years old when my granddad first asked me how long a person’s legs should be. His answer was “long enough to reach the ground.” He liked that.
And I borrow from him when I [...]

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Your Profits Are Way Too High!

by Tim Berry on April 10, 2009

in Angel investment, Business plan marathon, Venture Capital, Venture Contests

Business plans everywhere. I’m reading, annotating, filling in score sheets, and getting cranky. I explained that on this blog last Monday.
So what’s with the unrealistically high profitability projections? This year it seems like I’ve discovered a new 50-50 rule of profitability in business plans, as in, 50% of the plans I’m looking at project 50% [...]

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